A New Watchlist

We've updated Watchlist! The changes include a new, responsive design featuring extended-hours data and more news.
Learn More

Jan. 22, 2019, 3:21 a.m. EST

China's Xi Jinping warns over economy in high-level meeting: report

Chinese President Xi Jinping has reportedly warned top officials to be wary of "black swans" and "grey rhinos" in face of a slowing economy. A report in state news outlook Xinhua
said Xi told senior Communist Party officials in a speech to take action to lower risks to the economy. It came on the heels of data released Monday that showed China last year saw its slowest growth in decades. Some experts said the Communist Party is concerned that an economic slowdown could spark civil unrest, and want to avoid another Tiananmen Square incident such as seen in 1989. China's growth problems have been compounded by trade tensions with the U.S. A black swan refers to an unforeseen event that could cause turmoil, while grey rhinos refer to a highly likely threat that's currently being ignored.

Intraday Data provided by FACTSET and subject to terms of use. Historical and current end-of-day data provided by FACTSET. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.